Bayreuth is running out of money: loans “essential”

According to the municipal finance officer Michael Rubenbauer, Bayreuth will probably have to take out loans from November.

He announced this to the Bayreuth Finance Committee on March 22, 2023.

When the money in Bayreuth’s city treasury is running out

The Bayreuth finance officer Rubenbauer has announced that “probably from November of this year, borrowing to cover liquidity requirements will be indispensable,” as he confirmed to the bt. It had already become clear during the budget negotiations that Bayreuth was facing a financial record year and a year of crisis. The city is planning record-breaking investments, employee and energy costs are rising, trade tax is falling.

The debts of the city of Bayreuth have actually fallen for ten years, from 122.9 million euros in 2012 to 52.5 million euros in 2022. Rubenbauer had already announced in January that the trend was about to change and that new debts were needed. The budget plans were hotly debated in the city council, but ultimately a majority voted in favour.